MLS: 410104 (Active - For Sale)New Listing!   Condo: Kalama Terrace #P203   Asking Price: $575,000 Fee Simple District: Kihei City: Kihei Street: 35 Walaka St Maintenance Fee: $4129.23 Beds: 2   Baths: 1 Living Area: 685 SF Land Area: 1.45 Acres Short-Term Rental Status ✓ Eligible — Minatoya List — TIG Article 1 (subject to Bill 9 phase-out) Phase-out: Jan 1, 2031 (~4 years remaining) Source: Minatoya List (TIG Article 1, did NOT recommend rezoning under Bill 9) Subject to active litigation; verify with attorney before purchase. Learn more about STR rules Features: View, Pool Solar PV: Yes Days on Market: 0

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Welcome to this top-to-bottom remodeled 2-bedroom, 1-bath corner unit at Kalama Terrace in the heart of Kihei. Sitting on the second floor with garden and sunset views, this 685-square-foot condo is a top-performing vacation rental in South Maui - featuring a near-perfect 4.96-star rating, grossing $100,000 in 2025, and occupancy rates increasing year-over-year. A long-term owner or short-term guest will appreciate the clean, modern vibe and thoughtful details in every room: the professionally designed ocean- and mountain-themed bedrooms, a TV and silent split AC in every room, as well as a fully stocked kitchen like it's your home away from home. The primary bedroom features a motorized lift king bed, the second bedroom another motorized queen bed, and the pull-out sofa in the living room means the unit comfortably sleeps up to six. Adorned with string lights, the private lanai is the perfect spot for morning coffee or a sunset glass of wine. Kalama Terrace is a pet-friendly complex, a rare and valuable feature in the Kihei condo market, making it an exceptional choice for buyers whose guests or tenants travel with their furry friends. The location is unbeatable. Just steps from South Kihei Road, you can walk to Kalama Park, Cove Beach, The Cove surf break, beach volleyball courts, restaurants, bars, grocery stores, and some of the best people-watching sunsets on the island. The three Kamaole beaches are a short walk or quick drive and the Wailea Resort is just minutes away. The unit comes fully furnished and equipped with everything you need, including beach gear, snorkels, chairs, and more, making it great for a truly turnkey short-term rental investment. Community amenities include a pool, BBQ area, cabana, and on-site laundry. One assigned parking space plus guest parking is included. With exceptional rental revenue, several years of short-term rental ability, and an HOA motivated to keep it so, this could be the perfect transition property for a 1031 exchange and also makes a great place to call home. Call your REALTOR® today to schedule a showing!

1 Comparable Units for sale in Kalama Terrace

MLS Number	Description	List Date	List Price
408729	2 Bed, 1 Bath	02/12/2026	$345,000
		Average Price:	$345,000

Show Sold Comparables.

This property is listed by Coldwell Banker Island Prop-KP
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